Fannie Mae Reviews

Updated April 24, 2015
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Employee Reviews

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  1. Good Benefits, flexible hours, limited upward mobility.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst II in Dallas, TX
    Current Employee - Business Analyst II in Dallas, TX

    I have been working at Fannie Mae

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great Benefits, 401k matching up to 6% plus an extra 2% per month. The work environment is laid back, but it really depends on what department you are in as I have seen varying differences in flexible hours and work from home opportunities.

    Cons

    Not all departments work by the same rules. I have been here for 1.2 years and have yet to see one promotion within the group. Some folks I have talked to have been here over 5 years and never been promoted.

    Advice to Management

    Get all department on the same page. If you allow one group to work from home 2 days a week, then you should allow all departments to do the same. Also promote within the department, almost all open rec's have been filled internally but with people from outside the department.

  2. Helpful (2)

    Good place

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Pros

    Good work life balance. Good learning for new grad.

    Cons

    It will have some changes soon. Don't know how it goes in the future

  3. Company in transition

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Washington, DC
    Current Employee - Director in Washington, DC

    I have been working at Fannie Mae full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Considerable change underway to best position for future success. Strong focus on building new infrastructure and customer centricity. Incredibly smart and qualified employees. Company has a strong strategic focus and is exceptional during times of crisis.

    Cons

    Inconsistency in management, especially at the low-officer level. Apparent focus on external hiring, but often individuals with mixed managerial expertise affecting moral of existing staff. Inconsistency between business units, especially relative to expectations of staff and management.

    Advice to Management

    Focus on employee development and growth. Tomorrows leaders are currently on staff - identify and develop them. Improve career growth opportunities for all qualified employees. Shed unnecessary or non-performing staff regardless.

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  5. Helpful (2)

    Everything was going well until out of nowhere they laid us off

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Foreclosure Prevention
    Former Employee - Foreclosure Prevention

    I worked at Fannie Mae full-time (Less than a year)

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Benefits, employees, room to advance

    Cons

    Communication, treated like criminals once department was shut down

    Advice to Management

    Practice makes perfect, communication needs to be worked on and business procedures

  6. Helpful (1)

    Fannie Mae is great.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Herndon, VA
    Current Employee - Business Analyst in Herndon, VA

    I have been working at Fannie Mae full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Management promotes word life balance

    Cons

    Lack of clear career track

  7. Positive experience working as a Project Manager I on a large scale strategic initiative for Fannie Mae.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Washington, DC
    Current Employee - Project Manager in Washington, DC

    I have been working at Fannie Mae full-time (More than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Competitive Salary
    Smart people
    Opportunity to move to other areas

    Cons

    Complex culture
    Lack of networking and training opportunities

    Advice to Management

    Promote better integration between departments.

  8. Helpful (1)

    Director

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Washington, DC
    Current Employee - Director in Washington, DC

    I have been working at Fannie Mae full-time (More than 8 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work life balance
    Smart employees

    Cons

    Uncertainty about the future
    Promotions based on who not what yo know

    Advice to Management

    Be more transparent.

  9. Helpful (1)

    Mislead by hiring manager as to not only what was expected but as to how Director would be involved in work flow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    People are friendly, great benefits

    Cons

    Director was a micro manager who was also very insecure, moody, controlling and not as knowledgeable as they should have been about our business.

    Advice to Management

    When employee surveys are done be sure that you at least look at the information that is given. Biggest things I heard was that there was no reason to complete the information because management never does anything with it. We did the surveys and that was the last thing we ever heard about them.

  10. Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Fannie Mae

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Well compensation and benefits package

    Cons

    Leadership less growth opportunity different culture

  11. Helpful (1)

    Fannie Mae is a great company to work for. It offers many opportunities to grow and has some of the great benefits.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Information Technology Professional in Washington, DC
    Former Employee - Information Technology Professional in Washington, DC

    I worked at Fannie Mae

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Fannie Mae uses best technology products for its business and has many best technology professionals.
    Fannie Mae offers great benefits for its employees, 401k,health insurance, sick leave, short term and long term benefits, Tuition reimbursement, paid vacation.

    Cons

    I do see some times leaders who are not competent enough filling the positions due to their seniority dragging the company down.

    Advice to Management

    Management should put in systems to recognize the best performers and reward them appropriately. Performance should be the criteria in considering promotions rather than seniority. Management should listen to the employees frequently via surveys implement the changes that it finds reasonable.

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